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What is a 1099-K?

The 1099-K “Payment Card and Third Party Network Transactions” document is an IRS tax form that reports the gross amount of funds that were processed through a Third Party Payment Processor (TTP). This form is issued to any company who exceeded $20,000 and 200 transactions annually through a TTP such as PayLease.

Disclaimer: Information in this document does not constitute tax, legal, or other professional advice and must not be used as such. Please contact your tax, legal, or other professional advisor for assistance.